Open Access
American Research Journal of Business and Management
ISSN (Online): 2379-1047
DOI: 10.46568/arjbm
Reward and Recognition System-Key Behaviors to Benefit Employees and Businesses in Competitive Job Markets
Abstract
In a competitive business climate, many businessmen are looking at improvements in quality while
reducing costs. Meanwhile, a strong economy has resulted in a strict job market. So while small businesses
need to get more from their employees, their employees are looking for more out of them. Employee reward
and recognition programs are one method of motivating employees to change work habits and key behaviors to
benefit a small business. This paper will highlight the outstanding performance of entrepreneurs by providing
an edge to competitive corporate climate. In this paper we will also discuss how to improve, develop and
implement reward program that will encourage communication between employees and management .When
the reward is changed frequently, employees will be more surprised and the process will be more exciting.
When employees are excited about rewards, they will work harder to achieve them.
